What is the difference between Public Limited, Private Limited and <only> Limited companies?

General
1

What is the difference between

  • Public Limited, What does this mean?
  • Private Limited, What does this mean?
  • <only> Limited companies? Example:Larsen and Toubro Limited (Here its not written public limited), does this mean this is public or private?
2

If a company has less than 50 people as their shareholders it’s a private limited and if more than 50 shareholders a public limited. Limited means it is limited in it’s liability. The owners of the company would not be liable to pay a paisa above their investment in the company if something goes wrong and the company is liable to pay charges to anyone. Study Companies Act. It can be found on the MCA website. It’ll give you all the details.

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3

Thanks for pointing that out.